Ho Chi Minh City attracts USD 3.94 billion in FDI in 2022

Ho Chi Minh City attracts USD 3.94 billion in FDI in 2022

Ho Chi Minh City attracted about 3.94 billion USD in foreign direct investment (FDI) in 2022, up 5.4% year on year, according to the Municipal People’s Committee.

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Ho Chi Minh City continued to lead the country in the number of valid projects.
Photo: VNA/CVN

Authorities in the southern megacity granted new investment certificates to 893 projects in 2022 with a total registered capital of 601.1 million USD, down 12.5 percent from last year.

Among the projects, 338 have engaged in the wholesale, retail and repair of automobiles and motorcycles with a registered capital of 176.9 million USD, which is 29.4% of the amount of new capital social.

They were followed by the field of information and communication with 186 projects which displayed a registered capital of 139.3 million USD, accounting for 23.2%. There were 231 projects in specialized fields, science and technology with registered capital of 107.5 million USD, accounting for 17.9%.

Among the nations and territories investing in the city this year, Singapore ranked first with 167 projects with a total registered capital of 235.4 million USD, or 39.2% of the amount of new registered capital.

It was followed by Japan with 86 projects and a registered capital of 97.2 million USD, accounting for 16.2%, the Republic of Korea with 122 projects and a registered capital of 60.3 million USD, i.e. 10%.

Regarding the adjustment of registered capital, there were 192 projects with a capital increase of 1.6 billion USD, up 42.4% from last year.

Singapore was the country with the highest adjusted capital in 2022 – over 1.18 billion USD, accounting for 73.7% of the amount of adjusted share capital.

A total of 2,411 investors made capital contributions and share purchases. Their capital contributions reached nearly 1.74 billion USD, down 9.8% compared to last year. Singapore and the Republic of Korea recorded high shares of capital injection, accounting for 47.5% and 16.9% respectively.

With the new projects in 2022, the total number of valid projects in the city till December 20, 2022 stood at 11,273 projects with registered capital of 55.84 billion USD. Thus, Ho Chi Minh City remained at the top of the country in the number of valid projects.

To achieve these results, the city authorities have organized investment promotion activities inside and outside the country to attract foreign investors to its key industries and projects. The city also met and dialogued with investors.

The city has organized 127 trade and investment promotion activities in and out of the country, and helped businesses recover, develop markets and connect through fairs and exhibitions.